Baidu, Inc. (BIDU) Trading at $250.41 Forms Bearish Double Bottom

June 26, 2018 - By Matthew Medley

Baidu, Inc. (NASDAQ:BIDU) Corporate Logo

Baidu, Inc. (BIDU) forms double bottom. It has $235.39 price target and $250.41 price per share. The chart shows high risk. On Jun, 26 it was announced by Finviz.com. $5.24B less could be BIDU valuation at $235.39 share price.

The stock decreased 3.32% or $8.59 during the last trading session, touching $250.41.Baidu, Inc. has volume of 3.64M shares. Since June 26, 2017 BIDU has risen 27.01% and is uptrending. BIDU outperformed the S&P500 by 14.44%.

Baidu, Inc. (NASDAQ:BIDU)’s earnings report is expected on July, 26., as reported by Faxor. Analysts forecast $2.15 earnings per share, which is $0.13 up or 6.44 % from 2017’s $2.02 earnings per share. BIDU’s profit could reach $749.77M if the current earnings per share of $2.15 is accurate. After $2.25 EPS report previous quarter, Wall Street now sees -4.44 % negative EPS growth of Baidu, Inc..

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

In total 14 analysts cover Baidu (NASDAQ:BIDU). “Buy” rating has 8, “Sell” are 0, while 6 are “Hold”. (NASDAQ:BIDU) has 57% bullish analysts. With $319 highest and $200.0 lowest price target, Baidu has $267.50 average price target or 6.82% above the current ($250.41) price. 16 are the (NASDAQ:BIDU)’s ratings reports on Jun 26, 2018 according to StockzIntelligence Inc. In Monday, April 9 report Daiwa Securities upgraded the stock to “Buy” rating. In Tuesday, January 23 report Jefferies downgraded the stock to “Hold” rating. On Wednesday, February 14 the firm has “Hold” rating given by Jefferies. On Wednesday, February 14 the firm has “Outperform” rating by Daiwa Securities given. On Sunday, May 20 Oppenheimer maintained the shares of BIDU in report with “Buy” rating. On Monday, January 8 the firm has “Buy” rating by Wells Fargo given. On Thursday, February 15 the company was upgraded by Morgan Stanley. On Monday, January 29 the stock has “Hold” rating by Nomura. On Friday, May 18 the rating was downgraded by Credit Suisse to “Neutral”. On Monday, April 16 the rating was maintained by Barclays Capital with “Equal-Weight”.

For more Baidu, Inc. (NASDAQ:BIDU) news announced recently go to: Investorplace.com, Benzinga.com, Nasdaq.com, Nasdaq.com or Nasdaq.com. The titles are as follows: “iQIYI: Don’t Believe the Scary Picture Show in IQ Stock” announced on June 25, 2018, “The Week Ahead: Senate Weighs Sprint-T-Mobile Merger, Nike Earnings And A Slew Of IPOs” on June 25, 2018, “3 Reasons the iQiyi, Inc Rally Is Not Over” with a publish date: June 19, 2018, “Has iQiyi Stock Finally Hit Its Ceiling?” and the last “Baidu Partners With China Mobile in AI, 5G, and Driverless Cars” with publication date: June 24, 2018.

Baidu, Inc. (NASDAQ:BIDU) Analyst Ratings Chart

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